LOCATION :Home> Industry News

China's Sinopec, PetroChina to skip gasoil exports

Chinas top two refiners -- China Petroleum and Chemical Corp, or Sinopec, and PetroChina -- plan to skip gasoil exports in August and likely in September as well, market sources said Friday. [Sinopec has] no gasoil exports [scheduled for] Q......【More】

2013-07-22

CNOOC inks deepwater PSC with BP

Chinas largest offshore oil and gas industry player, CNOOC, signed a production sharing contract (PSC) with BP to jointly develop a deepwater block in the South China sea. The block, known as 54/11, is about 4,500 square kilometers in size......【More】

2013-07-19

Sinopec, Shell, Total to build shared lubricants park in Singapore

Three energy majors, Sinopec, Shell and Total said on Tuesday that they are going to build and operate a shared lubricants park in Tuas, situated in the southwestern part of Singapore. The facility will be built by Singapore Lube Park, a jo......【More】

2013-07-18

Sinopec provides $188m loan for Ghana gas plant

China Development Bank (CDB) has disbursed $188 million to SINOPEC for Ghanas gas infrastructure project. The transfer was done by the bank last week, according to local reports in Ghana. SINOPEC is building the CDB funded Ghana gas plant a......【More】

2013-07-17

Sinochem eyes low sulfur crude for Quanzhou refinery commissioning

Chinese state-owned trader Sinochem is seeking low sulfur crude for the commissioning phase of its 12 million mt/year (241,000 b/d) greenfield refinery in southern Chinas Fujian province, a source with the company said Thursday. The Yuan 30......【More】

2013-07-16

Sinopec opens lubricant plant in Singapore

China Petroleum and Chemical Corporation (Sinopec), Chinas largest integrated energy and chemical group, celebrated here on Thursday the opening of its first lubricant plant outside China. The Sinopec Lubricant (Singapore) Pte Ltd, located......【More】

2013-07-15

PetroChina puts CBM drilling on hold

PetroChina is putting its coalbed methane (CBM) drilling on hold as complex geology and limited lifting technology have put a damper on the companys lofty production targets, noted RBC Capital Markets analyst Peter Hutton July 8. Plans to d......【More】

2013-07-12

Sinopec & SK to jointly set-up ethylene project in Wuhan

On Jun.28th, President Wang Tianpu of SINOPEC Group and Vice Chairman Ja Young KOO of SK signed the joint venture contract of Wuhan ethylene project at Diaoyutai State Guesthouse in Beijing. Minister of Industry, Trade Resources of South Ko......【More】

2013-07-11

Shell Tellus lubricants in China

China Erzhong Heavy Industry Company has developed the worlds biggest hydraulic press, an 800 mega newton closed-die hydraulic forging machine that is bigger than any other previously built. Erzhong is working closely with Shell Lubricants......【More】

2013-07-10

Sinopec Corp proposes LPG-based ethylene plant in Qingdao

China Petroleum Chemical Corporation, or Sinopec Corp., has proposed to build an ethylene plant in Qingdao, located in East Chinas Shandong province. The proposal is for setting up 1 million tons per year ethylene complex at a cost of 18.79......【More】

2013-07-09